Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $55,900; total assets, $189,400; common stock, $87,000; and retained earnings, $33,525.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 14,000 Accounts payable 8,600 Accrued wages payable 30,600 Income taxes payable 30,150 2,550 153,300 Long-term note payable, secured by mortgage on plant assets Common stock Retained earnings $ 239,200 Total liabilities and equity $ 15,500 3,000 3,200 64,400 87,000 66,100 $ 239, 200 CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Required: $ 455,600 297,850 157,750 98,800 4,400 54,550 21,975 $ 32,575 Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory. (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on equity. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Rea 4 Req 5 Req 6 Reg 7 Req 8 Reg 9 Req 10 Req 11 < Prev 23 of 24 Next >